Stocks Going Ex-Dividend: BKG, CCL, CRDA, IMB, LSE, PRU, RB and SDR

Berkeley Group Holdings PLC

Berkeley Group Holdings PLC (BKG) is a Surrey, United Kingdom-headquartered holding company which is engaged in the development of the residential and used property across London, Birmingham and the South of England.  The group is made up of six autonomous companies, namely St Joseph, St William, St Edward, Berkeley, St James, and St George, with each having its own operational management. The group is a constituent of the FTSE 100 index.

Dividend

An interim dividend per share of 20.08 pence was declared recently by the group. Shareholders will be paid the dividend on 13th September 2019. The ex-dividend date is 22nd August 2019.

Financial Highlights (FY 2019, £m)

As 3,698 new homes were sold at an average selling price of GBP 748,000, revenue for the year rose to GBP 2,957.4 million (2018: GBP 2,840.9 million), representing an increase of 4.1%. Gross profit declined by 5.8% to GBP 926.2 million, and gross margin decreased to 31.3% (2018: 34.6%). Operating income fell by 5.9% to GBP 768.4 million as operating expenses decreased by 5.2% while operating margin decreased to 26.0% from 28.8% last year. Profit before tax fell by 20.7% to GBP 775.2 million, corresponding to pre-tax return on equity of 27.9%, compared to 41.9% last year. Basic earnings per share declined by 18.1% from 587.4 pence in FY18 to 481.1 pence in FY19, and shareholder returns totalled GBP 251.9 million, which was 35.2 points lower than the last year. Net assets rose over the year by GBP 0.4 billion, or 14.4%, to GBP 2,963.3 million and net cash at the end of the year was GBP 975.0 million (30 April 2018: GBP 687.3 million). Cash due on forward sales was GBP 1.8 billion (April 2018: GBP 2.2 billion), and net asset value per share was up by 18.9% to GBP 23.05 (April 2018: GBP 19.38).

BKG Share Price Performance

Daily Chart as at 22nd August 2019, before the market closed (Source: Thomson Reuters)

On 22 August 2019, at the time of writing (before the market closed, GMT 02:30 PM), BKG shares were trading at GBX 3,865. Stock’s 52 weeks High and Low is GBX 3,993.97 /GBX 3,170.00. The company’s stock beta as on date was 0.61, reflecting less volatility as compared to the benchmark index. Total outstanding market capitalisation was around GBP 4.89 billion, with a dividend yield of 0.70%.

The company has been consistent in paying dividends to investors. In the last seven years, the company’s highest dividend yield has been of 7.85 per cent (FY14), while its lowest has been of 0.72 per cent (FY19).

Carnival Plc

Carnival Plc (CCL) is a leisure travel group that operates in Europe, Asia, North America, and Australia. The company business activities are split into four operating segments. Carnival Cruise Line, Holland America Line, Seabourn, Costa, and AIDA are few of the brand name that operates under Carnival Plc. The company had a total of 102 ships visiting over 700 ports globally. The company is having an employee base of over 120,000 people catering to the needs of 11.5 million guests per year.

Dividend

A quarterly dividend per share of 50 cents was declared recently by the group. Shareholders will be paid the dividend on 13th September 2019. The ex-dividend date is on 22nd August 2019.

Financial Highlights – H1 Financial Year 2019 ($, million)

In the first half of the financial year 2019, the company’s reported revenue was at $9,511 million as against $8,589 million in H1 FY2018. The rise in revenue was driven by an increase in revenue from Cruise and Tour and other businesses for the period. In the H1 FY2019, the company’s operating income stood at $902 million in H1 FY2019 versus $978 million in H1 FY2018. The company’s PBT (Profit before tax) stood at $797 million in the first half of the financial year 2019 as against $955 million in the first half of the financial year 2018. The company’s net income for H1 FY2019 stood at $787 million versus $951 million in H1 FY2018. The basic earnings per share for H1 FY2019 stood at $1.14 as against $1.33 in H1 FY2018. The diluted earnings per share for H1 FY2019 stood at $1.13 versus $1.33 in H1 FY2018.

CCL Share Price Performance


Daily Chart as at 22nd August 2019, before the market close (Source: Thomson Reuters)

On 22 August 2019, at the time of writing (before the market close, GMT 02:36 PM), CCL shares were trading at GBX 3,547. Stock’s 52 weeks High and Low is GBX 5,030.00/GBX 3,354.00. Total outstanding market capitalisation was around GBP 25.74 billion, with a dividend yield of 4.51%.

The company has been consistent in paying dividends to investors. In the last seven years, the company’s highest dividend yield has been of 3.26 per cent (FY19), while its lowest has been of 2.11 per cent (FY15).

Croda International Plc

Croda International PLC (CRDA) is an East Yorkshire, United Kingdom-headquartered chemical company that creates, manufactures and markets speciality chemicals for a range of diverse products including health and beauty, engine lubricants, plastics and many more. The group targets industries and consumers worldwide to offer solutions to customer and market needs and is continuously investing in existing markets and expanding into emerging markets. The operations of the group are differentiated in four operating segments: Industrial Chemicals, Performance Technologies, Life Sciences and Personal Care.

Dividend

An interim dividend per share of 39.5 pence was declared recently by the group. Shareholders will be paid the dividend on 2nd October 2019. The ex-dividend date is on 22nd August 2019.

Financial Highlights (H1 FY 2019, in £m)

Sales at reported rates increased by 1.7% to £714.7m (H1 FY 2018: £702.8m) while it declined by 1% on a constant currency basis, reflecting a 30 basis points decline in return on sales to 25.1%. Sales in the Core Business rose to £657.9m (H1 FY 2018: £642.2m), up by 2.4% in reported currency and contracted by 0.4% in constant currency due to increased macroeconomic uncertainties and the trade dispute between China and the US. Adjusted operating profit rose by 1.1% in reported currency basis to £179.3m (H1 FY 2018: £177.4m) and remained flat on constant currency basis, while adjusted profit before tax reduced by 2.5% in reported currency basis to £170.6m (H1 FY 2018: £175.0m). Profit before tax on an IFRS basis decreased by 2.7% to £166.2m (H1 FY 2018: £170.8m), and IFRS basic EPS decreased by 1.9% to 95.6p (H1 FY 2018: 97.5p). Adjusted basic earnings per share declined by 2.0% to 98.2 pence, and the company increased the interim dividend by 3.9% to 39.5 pence (H1 FY 2018: 38.0p).

CRDA Share Price Performance

Daily Chart as at 22nd August 2019, before the market close (Source: Thomson Reuters)

On 22 August 2019, at the time of writing (before the market close, GMT 02:40 PM), CRDA shares were trading at GBX 4,642. Stock’s 52 weeks High and Low is GBX 5,460.00/GBX 4,499.12. Total outstanding market capitalisation was around GBP 6.1 billion, with a dividend yield of 1.9%.

The company has been consistent in paying dividends to investors. In the last seven years, the company’s highest dividend yield has been of 2.72 per cent (FY13), while its lowest has been of 1.83 per cent (FY17).

Imperial Brands PLC

Imperial Brands Plc (IMB), is a fast-moving consumer goods (FMCG) company with a core business built around a tobacco portfolio. The company offers a comprehensive range of cigarettes, fine cut and smokeless tobaccos, papers and cigars and is increasingly focusing its attention on developing and expanding it’s Next Generation Products (NGP) portfolio.

Dividend

A quarterly dividend per share of 31.28 pence was declared recently by the group. Shareholders will be paid the dividend on 30th September 2019. The ex-dividend date is on 22nd August 2019.

Financial Highlights (H1 FY2019, £million)

Driven by a good underlying tobacco performance and strong growth in Next Generation Products portfolio, net revenue was up 2.5 per cent at constant currency to £3,656 million. Due to lower amortisation expenses during the period, operating profit surged by 38.05 per cent to £1,150 million, while H1 FY19 adjusted operating profit declined by 2.3 per cent at constant currency and 0.2 per cent at actual rates to £1,620 million. Reported basic EPS was up by 38 per cent to 71.2 pence, while adjusted earnings per share of 115.6 pence were up by 1.1 per cent at actual rates and down by 1.3 per cent at constant currency. The board of the IMB has declared an interim dividend per share of 62.56 pence, which was 10 per cent higher on a YoY basis.

IMB Share Price Performance

Daily Chart as at 22nd August 2019, before the market closed (Source: Thomson Reuters)

On 22 August 2019, at the time of writing (before the market closed, GMT 02:42 PM), IMB shares were trading at GBX 2,040.5. Stock’s 52 weeks High and Low is GBX 2,948.00/GBX 1,821.40. Total outstanding market capitalisation was around GBP 20.13 billion, with a dividend yield of 10.55%.

The company has been consistent in paying dividends to investors. In the last seven years, the company’s highest dividend yield has been of 7.03 per cent (FY18), while its lowest has been of 3.91 per cent (FY16).

London Stock Exchange Group Plc 

London Stock Exchange Group Plc (LSE) is a London, United Kingdom-headquartered company which engages in international markets infrastructure business, operating a wide range of equity, ETF, bond and derivatives markets. The company is also a global leader in analytic services, benchmarking and financial indexing, and offers market participants unrivalled access to capital markets in Europe. The group develops and operates high-performance technology solutions, and risk management and post- trade services are a significant part of its business operations.

Dividend

An interim dividend per share of 20.1 pence was declared recently by the group. Shareholders will be paid the dividend on 17th September 2019. The ex-dividend date is on 22nd August 2019.

Financial Highlights (H1 FY19, £m)

Revenue for the H1 FY19 rose by 7% to GBP 1,018 million from GBP 953 million last year and was up by 5% on a constant currency basis, while total income increased by 8% to GBP 1,140 million against GBP 1,060 million last year and was up by 6% on a constant currency basis. Gross profit increased by 8% to GBP 1,031 million (H1 2018: GBP 954 million), even as the cost of sales rose by 3% to GBP 109 million (2% on a constant currency basis). Operating profit was up 2% at GBP 399 million (H1 2018: GBP 393 million), while adjusted operating profit for the period was up by 11% to GBP 533 million (H1 2018: GBP 480 million). Profit before tax was up by 1% to GBP 363 million (H1 2018: GBP 360 million) while adjusted profit before tax rose by 11% to GBP 497 million (H1 2018: GBP 447 million). Profit after tax declined to GBP 265 million (H1 2018: GBP 283 million), corresponding to basic earnings per share of 70.7 pence (H1 2018: 71.1 pence) and adjusted earnings per share of 100.6 pence (H1 2018: 88.7 pence), up by 13%.

LSE Share Price Performance

Daily Chart as at 22nd August 2019, before the market closed (Source: Thomson Reuters)

On 22 August 2019, at the time of writing (before the market closed, GMT 03:12 PM), LSE shares were trading at GBX 6,784. Stock’s 52 weeks High and Low is GBX 7,272.00/GBX 3,842.00. Total outstanding market capitalisation was around GBP 24.21 billion, with a dividend yield of 0.92%.

The company has been consistent in paying dividends to investors. In the last seven years, the company’s highest dividend yield has been of 2.74 per cent (FY12), while its lowest has been of 1.31 per cent (FY15).

Prudential Plc

Prudential PLC (PRU) is a British financial services group that provides long-term savings and protection products, with a focus on three markets, Asia, the US and the UK to serve more than 26 million customers worldwide. The company manages £657 billion worth of assets for its clients to invest in geographical locations with the shortest payback periods in the highest-return products.

Dividend

An interim dividend per share of 16.45 pence was declared recently by the group. Shareholders will be paid the dividend on 26th September 2019. The ex-dividend date is on 22nd August 2019.

Financial Highlights- H1 FY19

During the period under consideration, the company’s operating profit from the continuing operation surged by 21% to £2,024m from £1,669m recorded in the year-ago period. Operating fee surplus generated during the same period went up by 28% on a Y-o-Y basis and stood at £1,502m. Life new business profit from continuing operations recorded a growth of 3% and stood at £1,643m from £1,588m recorded in the first half of 2018. Post-tax profit from continued and discontinued operations stood at £1,540m and recorded a growth of 14% on a Y-o-Y basis.

PRU Share Price Performance

Daily Chart as at 22nd August 2019, before the market closed (Source: Thomson Reuters)

On 22 August 2019, at the time of writing (before the market closed, GMT 03:14 PM), PRU shares were trading at GBX 1,385. Stock’s 52 weeks High and Low is GBX 1,819.50/GBX 1,324.99. Total outstanding market capitalisation was around GBP 36.95 billion, with a dividend yield of 3.54%.

The company has been consistent in paying dividends to investors. In the last seven years, the company’s highest dividend yield has been of 3.52 per cent (FY18), while its lowest has been of 2.49 per cent (FY14).

Reckitt Benckiser Group Plc

Reckitt Benckiser Group Plc (RB) is a consumer health and hygiene company that manufactures and markets household, toiletry and health care products. These consist of air fresheners, laundry products, dishwashing detergents, disinfectant sprays, water softeners, household cleaners, and personal care products. It also sells over the counter (OTC) drugs, cough and congestion tablets, sinus relief products, gastric liquids, hair removal and pest control products.

Dividend

An interim dividend per share of 73 pence was declared recently by the group. Shareholders will be paid the dividend on 26th September 2019. The ex-dividend date is on 22nd August 2019.

Financial Highlights – H1 Financial Year 2019 (£, million)

In the first half of the financial year 2019, the company’s net revenue stood at £6,240 million as against £6,138 million recorded in a year-ago period. The revenue increased by 2 per cent based on AER (actual exchange rate) due to strong growth in Hygiene Home segment from different geographical markets. In H1 FY2019, the company’s gross profit was £3,757 million versus £3,710 million in the H1 FY2018. The company’s adjusted operating profit increased by 2 per cent (AER) to £1,475 million for the period. The reported operating profit surged by 9 per cent (AER) to £1,406 million in H1 FY2019 from £1,291 million in H1 FY2018. The company’s PBT (Profit before tax) stood at £1,262 million in H1 FY2019 versus £1,111 million in H1 FY2018. The Net income (continuing operations) was £991 million in H1 FY2019 as against £879 million in H1 FY2018.

RB Share Price Performance

Daily Chart as at 22nd August 2019, before the market closed (Source: Thomson Reuters)

On 22 August 2019, at the time of writing (before the market closed, GMT 02:47 PM), RB shares were trading at GBX 6,140. Stock’s 52 weeks High and Low is GBX 7,174.00/GBX 5,559.00. Total outstanding market capitalisation was around GBP 44.29 billion, with a dividend yield of 2.78%.

The company has been consistent in paying dividends to investors. In the last seven years, the company’s highest dividend yield has been of 3.53 per cent (FY12), while its lowest has been of 2.21 per cent (FY15).

Schroders PLC

Schroders PLC (SDR) is a British-based asset manager, headquartered in London, United Kingdom. The company operates asset management business from 29 countries across Europe, the Americas, Asia & Australia and the Middle East and provides advisory and consultancy services to financial institutions, high net worth clients, large corporate, and other institutions.

Dividend

An interim dividend per share of 35 pence was declared recently by the group. Shareholders will be paid the dividend on 26th September 2019. The ex-dividend date is on 22nd August 2019.

Financial Highlights (H1 FY2019, £ million)

In H1 FY19, the company’s reported net income decreased by 5 per cent to £1,032.6 million as compared with the corresponding period of the last year. Operating costs remained broadly unchanged relative to H1 FY18. Profit before tax and exceptional items was £340.4 million in H1 2019, a decrease of 14 per cent against the £397.1 million recorded in H1 FY18. Reported profit before tax reduced by 14 per cent to £319.3 million against the same period in 2018. Basic earnings per share before exceptional items declined to 98.6 pence as compared to 114 pence in H1 FY18. Basic earnings per share stood at 92.4 pence, a decrease from the previous year same period data.

SDR Share Price Performance

Daily Chart as at 22nd August 2019, before the market closed (Source: Thomson Reuters)

On 22 August 2019, at the time of writing (before the market closed, GMT 03:00 PM), SDR shares were trading at GBX 2,683. Stock’s 52 weeks High and Low is GBX 3,226.00/GBX 2,289.00. Total outstanding market capitalisation was around GBP 7.47 billion, with a dividend yield of 4.18%.

The company has been consistent in paying dividends to investors. In the last seven years, the company’s highest dividend yield has been of 4.67 per cent (FY18), while its lowest has been of 2.23 per cent (FY13).